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Topic: DivotyCoin Launched (Read 886 times)

DivotyCoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of DivotyCoins is carried out collectively by the network. DivotyCoin is open-source; its design is public, nobody owns or controls DivotyCoin and everyone can take part. Through many of its unique properties, DivotyCoin allows exciting uses that could not be covered by any previous payment system.

Specification Value

Algorithm - Scrypt

Type - PoW/PoS

Block Spacing - 64 seconds

Coin Limit - 100 Million

Difficulty Retarget - Every block

Block Reward Details - 500,000 blocks

Block Reward - 50 DTC

Stake Reward - 9% per annum

DivotyCoin is a PoS-based cryptocurrency. The world's unique Crowdfunding Community-driven cryptocurrency. DivotyCoin can handle a higher volume of transactions thanks to its faster block generation. If Bitcoin were to try to match this, it would require significant updates to the code that everyone on the Bitcoin network is currently running.

A merchant who waited for a minimum of two confirmations would only need to wait 128 seconds, whereas they would have to wait 10 minutes for just one confirmation with Bitcoin.

The key difference for end-users is the speed a transaction is validated. DivotyCoin requires only 64 seconds to generate a block, as opposed to Bitcoin's 10 minutes.

Bitcoin uses the SHA-256 hashing algorithm, DivotyCoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin.